Sep

27

At the White House meeting earlier yesterday, P@ulson, on his knees asked Pel0si not to allow the negotiations to blow up, according to a participant in the meeting.

There is so much money at stake for former partners and friends.  What would happen if they didn't do the deal? Exactly what happened when WaMu was picked apart.

Russ Humbert reports:

S N O N H MI recently visited the Sam Noble Oklahoma Natural History Museum in Noman, OK. They described a Buffalo hunt where the wolves and Native Americans would drive a herd of bison into a stampede. Keeping them moving in a  fluid, fast, well worn path, into a natural corral of cliffs, where the wolves and hunters had them trapped at the gate. The herd couldn't move. Those in the front saw sudden death in a bolt, those in the back had no room to move, or know another way to get out. They'd slaughter them all, with the women and children waiting at the top to butcher and skin them and turn their bones to instruments.

The Liquidity Trap: it's very fast and fluid moving with the herd, till suddenly it ain't.


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1 Comment so far

  1. Gregory J Stephens on September 28, 2008 12:45 am

    I say let them burn.

    My Grandmother passed down to me a great recipe. It is called Hoska.

    If my bakery failed because of the bad decisions that I made…would anybody be bailing this Bohunks ass out?

    I don't think so.

    No.

    I do understand that if no bailout passes through Congress we could all be in some very tough times in the near or mid-term.

    But this is the moral sacrifice that we all must make for our kids, and in my case, my Grandchildren.

    We must look at the long term. Where will be 15-20 years down the road from now?

    In the long run, the message will be sent; and our Nation will become stronger because of it.

    Until then, times will be Hell.

    It is time to tighten up and feel the pain. Yes it will hurt, but it is the best thing that we can do for future generations by not bailing out these schm#cks!

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